Constellation Brands - STZ Stock Forecast, Price & News

Constellation Brands, Inc., together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. It provides beer primarily under the Corona Extra, Corona Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands. The company offers wine under the 7 Moons, Cook's California Champagne, Cooper & Thief, Crafters Union, Kim Crawford, Meiomi, Mount Veeder, Ruffino, SIMI, The Dreaming Tree, Charles Smith, The Prisoner Wine Company, Robert Mondavi, My Favorite Neighbor, and Schrader; and spirits under the Casa Noble, Copper & Kings, High West, Mi CAMPO, Nelson's Green Brier, and SVEDKA brands. It provides its products to wholesale distributors, retailers, on-premise locations, and state alcohol beverage control agencies. Constellation Brands, Inc. was founded in 1945 and is headquartered in Victor, New York.

Analysts Set New Price Targets

Several research analysts recently commented on STZ shares. Morgan Stanley boosted their target price on Constellation Brands from $294.00 to $298.00 and gave the stock an "overweight" rating in a research note on Tuesday, June 21st. Deutsche Bank Aktiengesellschaft cut their target price on shares of Constellation Brands from $248.00 to $240.00 and set a "hold" rating on the stock in a research note on Friday, July 1st. StockNews.com upgraded shares of Constellation Brands from a "hold" rating to a "buy" rating in a research note on Monday, June 20th. BMO Capital Markets assumed coverage on shares of Constellation Brands in a research report on Tuesday, August 2nd. They issued an "outperform" rating and a $290.00 price objective on the stock. Finally, Barclays lifted their price objective on shares of Constellation Brands from $272.00 to $281.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 5th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Constellation Brands currently has a consensus rating of "Moderate Buy" and a consensus price target of $272.19.

Constellation Brands Stock Performance

Shares of STZ traded up $3.89 during mid-day trading on Friday, reaching $243.73. 1,311,222 shares of the company's stock were exchanged, compared to its average volume of 1,014,300. The business's fifty day simple moving average is $240.72 and its 200-day simple moving average is $237.15. The stock has a market capitalization of $45.04 billion, a PE ratio of 36.82, a price-to-earnings-growth ratio of 2.03 and a beta of 1.02. Constellation Brands has a 52-week low of $207.35 and a 52-week high of $261.52. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.40 and a quick ratio of 0.70.

Constellation Brands (NYSE:STZ - Get Rating) last issued its quarterly earnings data on Thursday, June 30th. The company reported $2.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.51 by $0.15. Constellation Brands had a net margin of 12.72% and a return on equity of 17.19%. The company had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same period last year, the firm posted $2.33 EPS. Constellation Brands's revenue for the quarter was up 16.6% on a year-over-year basis. On average, equities research analysts expect that Constellation Brands will post 10.91 earnings per share for the current year.

Constellation Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 24th. Stockholders of record on Wednesday, August 10th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date is Tuesday, August 9th. Constellation Brands's payout ratio is currently 48.34%.

Insider Transactions at Constellation Brands

In related news, major shareholder Wildstar Partners Llc sold 183,332 shares of Constellation Brands stock in a transaction on Friday, July 15th. The shares were sold at an average price of $242.81, for a total value of $44,514,842.92. Following the transaction, the insider now directly owns 100 shares in the company, valued at approximately $24,281. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, major shareholder Wildstar Partners Llc sold 183,332 shares of the firm's stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $242.81, for a total value of $44,514,842.92. Following the completion of the sale, the insider now owns 100 shares in the company, valued at $24,281. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Robert Sands sold 1,427,799 shares of Constellation Brands stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $242.81, for a total value of $346,683,875.19. Following the completion of the sale, the insider now directly owns 550,214 shares in the company, valued at approximately $133,597,461.34. The disclosure for this sale can be found here. Insiders sold 1,612,813 shares of company stock worth $391,613,819 over the last 90 days. 16.19% of the stock is currently owned by insiders.